1 pip on XST is a much higher percentage gain for traders than 1 pip on SGC. It simply shows that traders are responsible for the current valuation and that any valuation at this point of time isn't representative of what it's likely to be once production hits the balance sheet of the two companies. If SGC and XST become valued on their income and not speculation, expect to see the market capitalisation deverge in favour of SGC - albeit at much higher levels for both.
Ann: 92 Feet of Gas Pay in Borba 1-7 Well, page-265
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.483M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $4.615K | 923.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 4559959 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 4262951 | 4 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| SGC (ASX) Chart |